Segwit 2x — Hive

X11 Algorithm The SegWit2x protocol has entirely different specifications from Bitcoin. Our network is secured using X11 algorithmrather than SHA-256. It consists of all 11 SHA3 contestants, each hash is calculated and then submitted to the next algorithm in the chain. By utilizing multiple algorithms a system similar to ASIC (Application Specific Integrated Circuits) is created. The first Bitcoin miners started using CPUs (Central Processing Units), then they switched to GPUs (Graphics Processing Units) and ASIC quickly replaced the latter ones proving to be the most convenient mechanism. Due to the complexity and the needed size required to create an ASICfor mining X11, it takes considerably longer than in Bitcoin. It means that mining activity lasts for a longer period of time. SegWit2X team deeply believes that it’s highly important for good distribution and growth of B2X. Moreover, the implemented X11 algorithm also provides a better network security. The mining costs are also reduced because the mining equipment consumes 30% less electrical power, mining equipment serve longer.

Lightning Network:It allows transactions over a “second-layer solution”. It means that the part of the transaction moves off the blockchain network. Such an improvement solves the scalability problem of Bitcoin when some information is stored in separate files outside the chain of blocks. The vacant space of the target block accommodates more transactions and the speed of confirmation is eventually increased.